Yen Falls for Eighth Day After Exports Slump; Euro Gains

The yen dropped for an eighth day against the dollar, the longest streak in seven years, as a report showing Japan’s exports fell the most since the 2011 earthquake fueled bets the central bank will add more stimulus.

The euro rose versus most major currencies after Spanish Prime Minister Mariano Rajoy extended an electoral majority in his home region of Galicia. It remained higher after Moody’s Investors Service downgraded five Spanish regions. The yen slid versus all of its 16 most-traded peers after Japan’s economy minister, Seiji Maehara, pressed the central bank yesterday for more stimulus and as yields on U.S. Treasury two-year notes rose the most since June versus their Japanese counterparts.